Chart of the Day: China’s Rich Are Getting Richer

In China, more families got rich in 2021, and the ones who were already rich got a fair bit richer.

The number of Chinese households that entered the ranks of “high-net-worth families” last year rose 1.9% to nearly 2.1 million, with their aggregate wealth growing 27% to 160 trillion yuan ($22.4 trillion), according to a report released earlier this month by the Hurun Research Institute and Citic-Prudential Life Insurance Co. Ltd.